Bank of America Corporation BAC Resistance, pivot & Support Levels - 12/20/2011
Resistance levels: $5.46, $5.34, $5.16
Pivot point: $5.04
Support levels: $4.86, $4.74, $4.56
Bank of America Corp (BAC) is closed under $5 on Monday which is short term bearish and stock has short term support $4.75 and long term support area is $4.50.Next resistance area is $6.59 which weekly resistance area now.BAC is buy here for long term.Stock could see see double form here next 12 months.This is my one of the Top Pick for 2012.
For more Technical Analysis -Go Here
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/